HSBC Currency Weekly
US interest rates on the way up
- Last week promised so much and yielded little excitement, as markets continued their yo-yo like trading practices, showing only a glimpse of real appetite towards taking on new positions ahead of the US FOMC meeting next week.
- Saturday, March 19 - 2005 at 15:38
Testing week for the US dollar
- All eyes on US flows and current account deficit numbers this week. Bond markets may be particularly sensitive to Tuesday's US January flows data, craving indications of global appetite for U.S. debt and the direction of the dollar after the January U.S. trade deficit came in wider than expected.
- Saturday, March 12 - 2005 at 14:59
Uncertain US dollar outlook
- Dollar's outlook remained uncertain, with market participants divided between the positives for the U.S. currency of rising interest rates and solid growth as well as the negative of the U.S. current account and budget deficits.
- Sunday, March 06 - 2005 at 07:42
Dollar continues to fall
- Expectations for higher interest rates did not offset concerns about the massive US current account and budget deficits. Meanwhile, worries that central banks were shifting their reserves out of dollar assets pushed the greenback through key technical levels.
- Saturday, February 26 - 2005 at 17:07
No surprises from Greenspan
- The dollar traded within narrow ranges against most major currencies over the course of the week. Meanwhile, most-waited event of the week was the testimony by the Federal Reserve Chairman Alan Greenspan, which provided no surprises to the market.
- Sunday, February 20 - 2005 at 08:40
Dollar tests multi-month highs
- Greenspan's comments haunted foreign exchange markets during the past week as the dollar kept a firm grip on all major currencies on optimism of a reduction in the US trade and budget deficits. The greenback tested fresh multi-month highs, but failed to sustain those gains.
- United Arab Emirates: Saturday, February 12 - 2005 at 14:45
Greenspan helps the dollar higher
- Key events over the week had a major impact on the currency market such as the Fed's decision to raise interest rates and US Job's data, which came in lower that market's expectation. The trading session ended with the Fed Chairman's comments, which pushed the dollar higher.
- Sunday, February 06 - 2005 at 07:47
An important week for the dollar
- A US interest rate decision, US payrolls data and a looming meeting of G7 policymakers will combine to make next week one of the most important for months.
- Saturday, January 29 - 2005 at 14:51
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